News Update

CBIC amends tariff value of silver; No change for other commoditiesHigh Level Official Delegation from Mauritius visits National Centre for Good GovernanceGovt hikes Minimum Wages vide enhanced VDA for unorganised workersTRAI mandates whitelisted URLs, APKS, or OTT links for SMS TrafficGST - Rule 86A is not a machinery provision for recovery of tax - Order can be passed only if ITC is available in the taxpayer's ECL - No negative blocking: HCFrance backs India’s membership to Security CouncilGST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HCJaishankar calls for reforms of WTO, G20 & UNGST - Goods were purchased from SAIL by a third party who sold to petitioner and who subsequently re-sold to consignee - No justification for detention on ground that correct documents were not travelling with truck: HCFamily of 5 found dead in car in TN; Suicide suspectedAlternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economyCus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HCBombay HC quashes govt clearance given after construction in Coastal areaPrevent misuse of s.114AA of Customs ActBrazil keen to ink trade deal with EUGST - Existence or otherwise of principal place of business - A taxpayer's registration cannot be cancelled solely on the basis of some general queries/enquiries from random persons, of which there is no record: HCHarris promises tax credit and investments to US manufacturersCBIC notifies HAG benefits to 22 IRS officersNukes may deflect asteroid threatening earth: ScientistsAfter Iranian death threat, Trump says Iran should be torn into piecesIndia, Australia working to strengthen ECTA through CECA: GoyalUS Intel suggests Russia has secret war drones factory in ChinaSurvey reveals 31% Indians now use e-com platforms for ordering groceryIndia's coal imports see marginal increase amid surge in Power Generation
 
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Ahmedabad, November 08, 2017
I-T - Once minimum numbers stipulated for Industrial Park Scheme are satisfied, benefit of Sec 80IA(4) would be available to project without waiting for entire Park to have all Units applied for being functional: HC
 
Mumbai, November 08, 2017
Cus – Refund of SAD - In view of express provisions of s.27 of CA, 1962, time period provided in amending notfn. 93/2008-Cuswill apply with all force: HC
 
Mumbai, November 08, 2017
ST - Value of all goods supplied free or otherwise should be included to arrive at the gross value of works contract: CESTAT
 
Shimla, November 07, 2017
Setback for Congress Chief Minister; HC rules if AO fails to make inquiry about genuineness of agriculture income, it is a fit case for invocation of powers u/s 263
 
Kolkata, November 07, 2017
CX - Copies of reports relied upon not supplied by AA while passing order - Post facto so called compliance thereof will not cure proceedings which stands already vitiated: HC
 
Jaipur, November 07, 2017
I-T - Income from interest on FDR cannot be considered as part of business income, if investment in FDR itself was never part business: HC
 
Mumbai, November 07, 2017
ST – From Rule 3 of Maharashtra Liquor Rules, 1966 it is apparent that licence can be granted even before manufactory comes into existence, therefore, licence by itself is not an immoveable property: CESTAT
 
New Delhi, November 07, 2017
CX - Exploratory drilling in captive mines is necessary to find prospective potential for mining zinc ore - 'Diamond Core Drilling Services' is input service: CESTAT
 
Kolkata, November 06, 2017
I-T - If AO fails to make inquiry about details of repair & maintenance expenses debited in P&L Account, it is fit case for invocation of powers u/s 263: ITAT
 
Chennai, November 06, 2017
TNGST - CTO can invoke powers vested in him u/s 54 of TNGST Act, for summoning & enforcing attendance of any dealer and examining him on oath: HC
 
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